December 2001

Thursday, December 13, 2001
CityPlace Conference Center

Inside Edition

Lunch Meeting 12:00pm
Registration begins at 11:30am

Ethical Considerations for a Successful Personal Life and Professional Career

Presented by Dr.  Ray Clay, University of North Texas

A thought provoking presentation on a subject that is rarely considered in the context presented here. This is not a dialogue of formal rules and regulations that govern the internal auditing profession. Rather, the presentation examines the basic principles of ethics, which we all know quite well, but often times fail to apply in our personal and professional lives. As the pressures related to career paths and personal accomplishments mount, we tend to abandon the traits that are basic to success. This presentation is designed to help professionals re-identify those traits and allow them the opportunity to reexamine their priorities regarding their actions and beliefs.

Dr. Clay currently holds the Internal Audit Professorship at the University of North Texas. Prior to joining the faculty at North Texas, he spent three years as Director of Professional Development for Union Pacific Corporation. Dr. Clay received his Bachelors and Masters degrees from Northern Illinois University and his Doctorate degree from the University of Kentucky. He has held faculty positions with Indiana State University and Texas Tech University and spent time on the audit staff of Price Waterhouse & Co. in their Chicago office.

Dr. Clay has held significant committee appointments with the American Accounting Association, American Institute of Certified Public Accountants, and the Institute of Internal Auditors. He is the author of five books, twelve continuing professional education courses, and numerous articles appearing in professional journals. Dr. Clay serves as a consultant for several firms and has twice been named the Outstanding Continuing Education Discussion Leader by the AICPA and three times by the Texas Society of CPAs. He also received the 1999 Leon Radde Educator of the Year Award from the Institute of Internal Auditors, and was named Outstanding Accounting Educator by the Texas Society of CPAs in October 2000.

Pre-Meeting 10:30am

International Award Winning Research Project
Sharon Beard & Vanessa Dennis, JCPenney
Co Chairs, Dallas Chapter Research Committee, 2000-2001

Our chapter's submission titled Benefits of an IIA Endowed Program was selected by the IIA's Board of Research Advisors as their 1^st Place winner of the Donald E. Ricketts Chapter Research Award for the 2000-2001 competition. The Committee will share the results of the research project during this pre-meeting.

The primary objective of the Dallas Chapter's submission was to communicate the benefits of the IIA endowment program at the University of North Texas. Knowing these benefits, other IIA chapters and local businesses may seek to partner together to form additional endowment programs. These programs provide additional educational resources for universities, thus enhancing the training, education, and employability of students, and provide the Internal Auditing profession with a valuable employment resource.

Benefits of an IIA Endowed Program is available to download in PDF format. It can be viewed with Acrobat® Reader™, which is available free from Adobe.com.

• Body of Paper (pages 1-44) 798 KB
• Appendices (pages 45 - 103) 2,153 KB

Members of the Chapter's 2000-2001 Research Committee were:

Sharon Beard, Committee Co-Chair, CPA
Vanessa Dennis, Committee Co-Chair, CPA
Stan Ellis, CPA, CFE
Tarazeta Huntley, CIA, CISA
Mike Kennedy, CIA
Steve Lantrip, CISA
Bob McCall, CIA, CISA
Lori Cannafax

This makes two years in a row the Dallas Chapter has distinguished itself in this area, as the 1999-2000 competition was also won by the Dallas Chapter with the submission titled Audit Department Management. (PDF, 861 KB)

Post Meeting 1:30pm

The Road to Performance Metrics
Pamela Krakosky of Pricewaterhouse Coopers

How do you know if you are measuring up to the expectations of your stakeholders? Many internal audit departments have yet to define their performance metrics. Or if they have their metrics established, the value drivers may not be aligned with the expectations of the stakeholders. In this session, you will learn how to align the stakeholders objectives and risk management priorities to the internal audit strategic plan and ultimately to the internal audit performance metrics. This framework will help you to drive value for internal audit.

Pamela Krakosky is a Senior Manager for the Global Risk Management Solutions Practice at PricewaterhouseCoopers and has over 16 years of industry and client service experience, including 12 years of internal audit experience. Pamela joined PricewaterhouseCoopers to manage all aspects of internal audit engagements for multi-billion dollar clients and Fortune 500 companies. She has extensive experience in performing risk assessments and rendering internal audit consulting services. In addition, she has been involved with several companies to improve their business processes by understanding emerging risk management concepts and control models.

Prior to joining PricewaterhouseCoopers, Pamela was the Director of Internal Audit of a billion-dollar international company. In this role, Pamela was responsible for supporting the accomplishment of strategic objectives and helping ensure that established financial, operational and compliance practices were adequate and operating effectively within the company. As a strong relationship builder, Pamela was able to proactively identify opportunities or problems and facilitate understanding and solution development.

This meeting is being held at CityPlace Conference Center.

Note:  The DART rail station at CityPlace is now open! Check for information and schedules at DART's website: http://www.dart.org/default.asp

Preferred Method:

The best method to place and confirm your reservation is via the web site at http://www.dallasiia.org/Reserve.htm.

Secondary Method:

An optional method is to use the telephone, fax, or e-mail. However, a $2 phone/fax/e-mail fee will be assessed to each reservation.

Reservations must be received by noon on Friday December 7, 2001 or a $5 late fee will be charged.

We reserve the right to bill for "no-shows."

Please mark your calendar for future meeting dates for the 2001-2002 chapter year:

• Thursday, January 17, 2002
• Thursday, February 21, 2002
• Thursday, March 21, 2002
• Thursday, April 18, 2002
• Thursday, May 16, 2002

Chapter News

Research Foundation - Update on Research Projects

The following Research Foundation projects have estimated completion dates through the first quarter of 2002. Dave Hallo will let us know when they have been published and available for purchase.

• Effective Compliance Systems: A Practical Guide for Educational Institutions
• Value-Added Services of Internal Auditors
• A Balanced Scorecard for Internal Auditing
• Risk Exposures in Employment and Human Resource Management Practices
• The Internal Auditor's Role in Enterprise Risk Management
• Risk Assessment by Internal Auditors using Past Research on Bankruptcy

New Members

Please join us in welcoming our newest members to the Dallas Chapter:

Report Your Speaking and Writing

It's time again for the survey to determine which IIA Dallas Chapter members have submitted articles or spoken during November, or earlier if not previously reported. Each speaking engagement on internal auditing that a Dallas Chapter member completes will earn the Chapter 1 credit per CPD hour. Each full article, Roundtable article, Fraud Finding, etc. submitted that meets basic editorial guidelines will earn 5 credits. For each full article published 20 credits are earned. Each internal audit related article published in any other trade or professional journal that is authored by a chapter member is 5 credits.

To report your writing and speaking go to http://dallasiia.org/Speaking.htm and complete the provided form by December 15, 2001. Contact Dace Ward (dace.ward@eds.com, 972-605-6128) if you have any questions.

Career Opportunities

Position: Senior Operational Auditor

Requisition: 002785

Location: Arlington, TX

About Us:

Winner of the 2001 Rochester Institute of Technology/USA Today Quality Cup for excellence in customer service, San Francisco-based Providian Financial is a leading provider of lending and deposit products to customers throughout the U.S., and offers credit cards and deposit products in the UK and in Argentina. Providian Financial has been named one of America's Most Admired Companies in a survey by Fortune magazine, one of the nation's top financial institutions by U.S. Banker magazine, and one of the most technologically innovative companies in the U.S. by InformationWeek magazine. The Company has more than $36 billion in assets under management and almost 18 million customer accounts.

Due to our growth we are looking for a personable team member to join our Finance Department.

Job Specifications:

Supervise operational and financial statement audits, Coach and develop staff, plan audit engagements, including identifying and assessing risks, developing and executing appropriate tests of controls, presenting results and recommendations for improvements to management, and drafting audit reports.

Requirements:

Minimum 5 years audit experience, 2 years supervising projects. CPA or CIA preferred. Financial services experience a plus. Excellent analytical, verbal and written skills and a dynamic personality with the ability to work effectively as part of a team or independently as an individual contributor, demonstrating a continuous commitment to improvement.

To apply:

Send your resume with the job code 002785

Email: erinn_dickson@providian.com

Visit our website at: www.providiancareers.com

Looking for a career change or companies seeking employees? Let the Dallas IIA Employment Committee help you. Individuals seeking positions can send an updated resume to:

Greg Dubis
JCPenney Company
P.O. Box 10001
Dallas, TX 75301-4321
Phone: (972) 431-5946
Fax: (972) 431-5995
E-mail: gdubis@jcpenney.com

Resumes will be kept on file and forwarded to Companies and Recruiters seeking to fill positions. This service is offered to members at no charge.

Also, any Company desiring to advertise a job opening in the Monthly eNews and on the web site may do so for a small fee. Contact Tracie Martin (traciem@baylordallas.edu) at 214-820-6970 for more information.